[October, 
AMERICAN AGRICULTURIST. 
1871.] 
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Converting 
U, S. FIVE-TWENTIES, 
Messrs. JAY COOKE & CO. 
Have issued tke following financial cir¬ 
cular relative to tke general conditions 
of tke loan market, and tke exclianging 
of Government bonds fo'r railroad seen 
rities: 
Office of Jat Cooke & Co., j 
New York, September 16th, 1871. i 
The signal success of the New Five Per Cent Govern¬ 
ment Loan indicates ttiat the average rate of interest in 
this country will henceforward be considerably lower, the 
tendency being to an equalization of rates between Amer¬ 
ica and Europe. 
Tiie present holders of Five-Twenties must therefore 
decide whether it is not best to make at once such a 
change of investment as will enable them to realize as 
profit , or add to their capital, the present average pro 
mium of 14 per cent on Five-Twenties, while at the same 
time largely increasing their annual income. 
Holders of Five-Twenties of 1S62, which, under the an¬ 
nouncement of the Treasury, Will be paid off in December 
next, have special and immediate reason to consider the 
question of conversion, unless they wish to receive coin 
for their Five-Twenties, or exchange them at par for 
bonds of the new issue, bearing au average rate of 4>4 
per cent. 
To holders of United States securities who wish to 
take advantage of the present most favorable, opportunity 
for changing their investment at a large profit, we strong¬ 
ly recommend Northern Pacific 7-30 First Mortgage 
Bonds (principal and interest payable in Gold) now sell¬ 
ing at par in currency. 
They are in large and rapidly increasing demand, and 
with their high rate of interest, ample security, and their 
convertibility into the Lands of the Company at 10 per 
cent premium, they constitute a most desirable invest¬ 
ment, and can hardly fail to advance considerably above 
par at an early day. 
The holder of a $1,000 Five-Twenty 
bond who exchanges it now for North¬ 
ern Pacifies, thereby increases his prin¬ 
cipal by 14 per cent, receiving $ 1, 140 
in NorthernaPacificsfor $ 1,000 in Five- 
Twenties. He also permanently in¬ 
creases the yearly interest income on 
his investment more than 38 per 
cent, or from $60 in gold to $83.22 in 
gold. 
This most unusual opportunity for the profitable con¬ 
version of Government Bonds into Corporate Securities 
of undoubted reliability can not long continue. The in¬ 
creasing abundance of loanable capital both at home and 
abroad, tlie almost certain rise in value of all desirable 
railroad mortgages, the rapid absorption of Northern Pa¬ 
cific Seven-Thirties and the probable early substitution 
of a six per cent bond for the remainder of the Northern 
Pacific loan, and the early funding of the remainder of 
the National Debt at lower rates, promise very soon to 
change the entire aspect of the loan market, which is 
just now so peculiarly favorable to investors. 
This state of things suggests prompt action on the part 
of those who wish to exchange securities in time to profit 
by the present high premium on Five-Twenties. 
JAY COOKE & CO., 
Philadelphia, New York, and Washington. 
North Missouri 
LANDS 
For sale by the 
Hannibal & St. Joseph R.R. 
Offer best inducements to those intending to emigrate WEST. 
THey Defy Competition. 
Send 30 ct-S. for Sectional Map and Circulars giving all in¬ 
formation needed, and state that you saw this in tlie Ameri¬ 
can Agriculturist. 
EDWARD WILDER, 
Hannibal, Feb., 1871. Land Com. H. & St. Jos. R.R. 
Rural Improvements. 
R. M. COPELAND, Landscape Gardener, Boston, Author 
of Country Life, has, during the last 20 years, made over 
400 plans for laying out Country Places, Cemeteries, Parks. 
Villages, &c. Superintends work when desired. Send for 
Circular. 
(N. E. cor. 3d and Chestnut Sts., Philadelphia, 
unices, ^ 10 Ujii-rlster’s Hall, Boston. 
' , |'HE AMERICAN AGRICULTURIST is print- 
cd with Ink furnished by Cius. Eneu Johnson & Co., 
10th and Lombard Sts., Phila. 59 Gold St., cor. of Ann, NY. 
HEARTH - HOME, 
Issued Weekly; 
A Large, Beautiful, Highly Illustrated 
and very Valuable Journal, of 20 Pages 
—full of Reliable, Instructive, and In¬ 
teresting Reading Matter, News, and 
Miscellany : just suited to tlie Wants 
and Wishes of every Family — every 
Man, Woman, and Child in America— 
whether living in City or Country. 
Terms : 
One Copy, One Year, - - $3.00. 
Four Copies, One Year, - $2.75 each. 
Ten or more Copies, - - $2.50 each. 
Single Numbers, - - 8 cents each. 
One copy each of IFearth and Home. 
and American Agriculturist will be sent 
one year for $4. 
ORANGE JUDD & CO., Publishers, 
245 Broadway, New York. 
FARM IMPLEMENTS AND MACHINERY. 
The principles of their construction and use; with sim¬ 
ple and practical explanations of the laws of motion and 
force as applied on the farm. By .Tolin J. Thomas. 
With 287 illustrations. Price $1.50. 
The basis of this admirable work was an essay published 
in-lSOO, in the Transactions of the N. Y. State Agricultural 
Society, which was enlarged, and in 1854 published by the 
Harpers. It has been, aud remains, the only work in which 
the principles of Natural Philosophy, namely, the mechani¬ 
cal powers, and the powers of water, wind, and heat, are 
systematically discussed as applied to the operations of tlie 
farm. This work has now been most carefully revised by 
tlie author. It is much enlarged, and a great part lias been 
re-written, while the illustrations, before abundant, now 
number two hundred and eighty-seven. There is not an agri¬ 
cultural writer that could be named more respected than 
John J. Thomas, or one whose judgment and freedom from 
personal bias in discussing new implements could be more 
implicitly relied upon. 
HERBERT’S HINTS TO HORSE KEEPERS. 
By the late Henry William Herbert (Frank 
Forester). Price $1.75. 
A complete manual for Horsemen, embracing: How to 
Breed a Horse; How to Buy a Horse; How to Break a 
Horse; IIoW to Use a Horse; How to Feed a Horse; How 
to Physic a Horse; How to Drive a Horse, etc.; and a chapter 
on Mules and Ponies, etc. Beautifully illustrated. 
HARRIS ON THE PIG. 
Breeding, Rearing, Management, and Improvement. With 
numerous Illustrations. l!y Joseph Harris. Price, $1.50. 
This is the only American treatise -upon the breeding, 
rearing, and management of swine, and Is by one thorough¬ 
ly familiar with the whole subject, Tlie points of tlie various 
English and American breeds arc thoroughly discussed, and 
tlie great advantage of vising thorough-bred males clearly 
shown. The work is equally valuable to the farmer who 
keeps hut few pigs, and to the breeder on an extensive scale. 
NEW AMERICAN FARM BOOK. 
Originally by Rickard L.. Allen. Revised and greatly 
enlarged by Dewis F. Allen. Price $3.50. 
Allen's American Farm Book has been one of tlie standard 
farmers' liaud-books for twenty years; it is still a valuable 
book,but not up to the times; and as Its author,Mr.ILL.Allen, 
could not give time to its revision, tills was undertaken by 
bis brother, Hon. Lewis F. Allen, the distinguished farmer.’ 
of Erie county, editor of the American Shorthorn Herd- 
Book. The work is greatly enlarged, and full of suggestions 
from the rich experience of its editor and reviser, and is 
called the New American Farm Book. 
Either of the above books sent post-paid oni receipt of 
price by 
ORANGE JUDD AND COMPANY, 
345 Broadway, New York. 
